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Expert Analysis

Considering Possible PR Risks Of Certain Legal Tactics

Disney and American Airlines recently abandoned certain litigation tactics in two lawsuits after fierce public bac... (more story)

It's No Longer Enough For Firms To Be Trusted Advisers

Amid fierce competition for business, the transactional “trusted adviser” paradigm from which most firms operate i... (more story)

Expect More Restaurant Ch. 11s As COVID Debt Comes Due

The wave of restaurant bankruptcies is likely to continue in the coming months as companies face the looming repay... (more story)

Large Cap More

Atty Can't Shield Bank Records In Judge Romance Probe

A former Jackson Walker LLP lawyer on Thursday lost her bid to torpedo a subpoena from the U.S. Trustee's Office seeking her bank records in connection with an inquiry into her secret relationship with a forme... (more story)

FTX Strikes Deal With MDL Counsel For Ch. 11 Plan Support

FTX Trading Ltd. has asked a Delaware bankruptcy judge for permission to enact a settlement with plaintiffs and counsel it's facing in multidistrict litigation in Florida, saying the proposed deal would preven... (more story)

Stinson Adds Restructuring, Sports Atty From GrayRobinson

Stinson LLP has picked up an experienced of counsel from GrayRobinson PA, who joins its bankruptcy and creditors' rights practice and sports and recreation practice in both Tampa and Wilmington, Delaware.

Meet The Attorneys In Wheel Pros' Ch. 11

Denver-based specialty tire and car accessory producer Wheel Pros has retained teams from Pachulski Stang Ziehl & Jones LLP and Kirkland & Ellis LLP as it plans to hand control of the company to lenders.

Sullivan & Cromwell Didn't Ignore FTX 'Red Flags,' Report Says

The Chapter 11 examiner appointed in the bankruptcy case of fallen cryptocurrency exchange FTX Trading determined Wednesday that debtor law firm Sullivan & Cromwell didn't ignore any "red flags" about FTX's mi... (more story)

8th Circ. Told Student Debt Relief Should Remain Blocked

Seven Republican-led states are asking the Eighth Circuit to finalize its court order blocking the Biden administration from implementing its second attempt at student loan forgiveness, accusing the White Hous... (more story)

Mining Cos. Say $505M J&J Deal Would Benefit Talc Claimants

A pair of talc producers defended their proposed $505 million liability settlement with Johnson & Johnson at a hearing in Delaware bankruptcy court Wednesday, arguing that an objection from a group of insurers... (more story)

NYSE Cancels Proposal To Extend SPAC Merger Deadlines

The New York Stock Exchange has pulled a proposal that would have provided special purpose acquisition companies with more time to complete mergers while remaining listed, several months after it sought regula... (more story)

Tupperware OK'd To Temporarily Use Cash To Fund Ch. 11

Iconic food storage and kitchenware brand Tupperware received a Delaware bankruptcy judge's signoff on Wednesday to use cash on hand to fund its operations and Chapter 11 case for the next two and a half weeks... (more story)

Fuel Refiner Vertex Hits Ch. 11 With $422M Debt, Lender Deal

Oil refiner Vertex Energy filed for Chapter 11 protection with $422.5 million in debt and plans to pursue a sale under a prenegotiated restructuring agreement.

Mid Cap More

Y Combinator-Backed Firstbase.io Files Ch. 11 In New York

Firstbase.io Inc. has filed for Chapter 11 protection in New York bankruptcy court with up to $50 million of debt, more than three years after the business services company nabbed an investment from startup ac... (more story)

Developer's NorCal Spree Ends With Fraud Claims In Ch. 11

Northern California real estate company LeFever Mattson stockpiled more than $400 million in real estate, including several local landmarks in a small town north of San Francisco. The firm now seeks bankruptcy... (more story)

Cash4Cases Ch. 7 Trustee Loses $280K Clawback Bid

A New York bankruptcy judge has ruled against the Chapter 7 trustee trying to claw back money for the estate of Cash4Cases, a litigation finance firm whose disbarred founder went to prison for fraud, saying a ... (more story)

Silvergate Can't Block Activist Investor From Board In Ch. 11

The parent company of defunct cryptocurrency-friendly bank Silvergate on Wednesday lost its bid to keep activist investor Joseph Stilwell from seeking election to its board, after a Delaware bankruptcy judge r... (more story)

UpHealth Wins Most Of $115M Award In Glocal Merger Dispute

Bankrupt digital health services company UpHealth can enforce a large part of a $115 million arbitral award against the Indian healthcare services platform Glocal in their feud over an ill-fated merger, an Ill... (more story)

Philly-Area Atty Convicted In Bankruptcy Fraud Case

A suspended attorney in the Philadelphia suburbs is one of two men who were recently convicted by a federal jury of participating in fraudulent schemes that involved stealing a house from a deceased couple's family.

Judge Defends Atty Fees In Failed Law Firm Case

A California bankruptcy judge on Tuesday pushed back against criticisms of big fees for professionals in the case of defunct debt relief law firm Litigation Practice Group and said he would approve interim pro... (more story)

'Joker' Producer's Broker To Pay $60M In Ponzi Scheme Suit

An investor asked an Illinois state judge Tuesday for his early approval of a $60 million settlement with an investment adviser who convinced her and others to put money toward an international Ponzi scheme sh... (more story)

NYC Condo Building's Ch. 11 Plan Sent Back For Revisions

A New York bankruptcy judge asked the owner of a Manhattan condominium complex to make changes to its Chapter 11 plan after raising several concerns with details in the planned restructuring that would hand un... (more story)

Giuliani Finance Investigators Get $300K In Fees

A New York bankruptcy judge agreed Tuesday to trim about $24,000 in fees billed by a forensic accounting and investigative firm that a group of creditors enlisted to probe Rudy Giuliani's finances in his now-d... (more story)